Abhay Laijawala underweight on IT services stocks

Abhay Laijawala, MD & Head-Research at Deutsche Equities India told CNBC-TV18, "Beginning of the year itself this was our strategy that 2015 is going to be a year of public investment driven macro economic rigger. So in the model portfolio for the year we had gone underweight on IT services because the focus was very clear on the domestic cyclical, so that stances continues."

At 12:07 hrs Hexaware Technologies was quoting at Rs 277.40, up Rs 7.45, or 2.76 percent. It has touched a 52-week high of Rs 278.40.